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Rx Healthcare invests EGP 100 mn in United Pharma
EFG Hermes’ Rx Healthcare Management has invested EGP 100 mn in meds producer United Pharma to finance expansion plans that…
Banking
National Bank of Egypt in loan talks with EGOTH, HOTAC to finance hotel renovations
The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with the National Bank of Egypt (NBE) for…
Moves: Court of Cassation, TPay Mobile, Prime Holding
MOVES- Judge Abdallah Shoda was sworn in yesterday before President Abdel Fattah El Sisi as the new head of the…
Banque Misr raises its stake in CI Capital to 15.12%
M&A WATCH- Banque Misr has increased its stake in CI Capital Holding to 15.12% from 13.72%, according to a disclosure…
EBRD extends further USD 100 mn for trade facilitation in Egypt
DEBT WATCH- EBRD extends another USD 100 mn for trade finance through Banque Misr: The European Bank for Reconstruction and…
Banque du Caire IPO on hold until 2021
IPO WATCH- Banque du Caire’s IPO isn’t happening before 2021: State-owned Banque du Caire’s (BdC) plans to debut on the…
Earnings Watch- AT Lease, Domty, Misr Cement Qena, Obour Land
EARNINGS WATCH- AT Lease reported EGP 35.7 mn in net profits during 1H2020, up 4.6% from EGP 34.14 mn in…
Prime Holding to offload AT Lease holdings after launching fintech subsidiary
M&A WATCH- Prime Holding is planning to offload the entirety of its stake in Al Tawfeek Leasing to avoid a…
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